MARKET PULSE-Twitter, Crocs, WPCS, Noah, Kandi, Walt Disney
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were little changed on Monday. The Dow Jones industrial average was up 0.02 percent at 16,481.98, the S&P 500 was down 0.08 percent at 1,839.84 and the Nasdaq Composite was down 0.08 percent at 4,153.146.
** TWITTER INC, $52.93, +0.25 pct
The microblogging site's shares continued to slide for the second day. Macquarie Equities Research downgraded the stock on Friday, citing lack of fundamental backing to the high valuation of its stock.
Twitter shares fell about 13 percent on Friday. It has risen nearly 150 percent from its IPO price of $26.
In an article on Sunday, a New York Times report also questioned the company's high valuation. (link.reuters.com/myb75v)
** WALT DISNEY CO, $76.11, +2.37 pct
Brokerage Guggenhiem Partners raised its rating on the media company's stock to "buy" from "neutral" and raised the stock's price target to $87 from $77, as it expects higher revenue from Netflix and company's films to drive expansion in 2015. "We are raising our 2015 EPS estimate to $4.64 from $4.50 primarily on higher anticipated studio revenue and profits," Guggenhiem analyst, Michael Morris said. Continued...